John Bicket Sells 170,000 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 170,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the completion of the sale, the insider now directly owns 367,642 shares in the company, valued at $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

John Bicket also recently made the following trade(s):

• On Wednesday, June 4th, John Bicket sold 33,713 shares of Samsara stock. The stock was sold at an average price of $46.46, for a total transaction of $1,566,305.98.
• On Tuesday, June 3rd, John Bicket sold 136,287 shares of Samsara stock. The shares were sold at an average price of $46.03, for a total transaction of $6,273,290.61.
• On Thursday, May 22nd, John Bicket sold 52,573 shares of Samsara stock. The stock was sold at an average price of $46.25, for a total value of $2,431,501.25.
• On Wednesday, May 21st, John Bicket sold 63,279 shares of Samsara stock. The shares were sold at an average price of $46.54, for a total value of $2,945,004.66.
• On Tuesday, May 20th, John Bicket sold 54,148 shares of Samsara stock. The stock was sold at an average price of $47.33, for a total value of $2,562,824.84.

Samsara Stock Up 2.8%

Shares of Samsara stock traded up $1.07 during trading hours on Thursday, hitting $39.72. 5,707,385 shares of the company's stock traded hands, compared to its average volume of 3,876,083. Samsara Inc. has a twelve month low of $31.11 and a twelve month high of $61.90. The stock has a 50 day simple moving average of $42.47 and a 200-day simple moving average of $44.14.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The firm had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. During the same quarter last year, the firm earned $0.03 EPS. Samsara's quarterly revenue was up 30.7% on a year-over-year basis. As a group, equities analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on IOT shares. Raymond James Financial started coverage on Samsara in a report on Wednesday, February 26th. They set a "market perform" rating for the company. Evercore ISI set a $45.00 price objective on shares of Samsara in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Truist Financial reduced their target price on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Finally, Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $50.20.

Institutional Trading of Samsara

Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after acquiring an additional 414 shares in the last quarter. Keystone Financial Group Inc. increased its position in shares of Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after purchasing an additional 450 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Samsara in the 4th quarter valued at about $31,000. IFP Advisors Inc lifted its position in shares of Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after purchasing an additional 598 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Samsara in the first quarter worth about $31,000. Institutional investors and hedge funds own 96.02% of the company's stock.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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